Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Stock Compensation [Abstract]

Nonvested Restricted Stock Activity Under LTEIP

Non-vested restricted stock activity for the quarter ended March 31, 2013 is depicted in the table below. Granted shares represent non-vested shares issued to settle an obligation under the LTEIP plan during the period.

				Weighted Average
	Shares			Fair Value
Non-vested at beginning of period		32,447		$	3.43
Granted/settled		68,699		$	9.83
Vested		(44,099	)	$	5.12
Forfeited		-		$	-
Non-vested at end of period		57,047		$	9.83

Nonvested Stock Retention

Retention stock activity for the quarter ended March 31, 2013 was as follows:

				Weighted Average
	Shares			Fair Value
Non-vested at beginning of period		11,150		$	10.28
Granted		27,500		$	8.76
Vested		-		$	-
Forfeited		(800	)	$	10.57
Non-vested at end of period		37,850		$	9.13

Stock options activity

A summary of stock option activity is as follows:

				Weighted Average
	Options			Exercise Price
Outstanding at January 1		143,817		$	9.95
Granted		-		$	-
Exercised		(21,667	)	$	8.44
Forfeited		-		$	-
Expired		(15,000	)	$	8.93
Outstanding at March 31		107,150		$	10.40
Exercisable at March 31		100,483		$	10.49